Global Packaging Adhesives Market to See CAGR of 5.4% to 2026
The global packaging adhesives market is estimated to value U,S, $7,263.4 million in 2017 and is projected to register a CAGR of over 5% in terms of value during the forecast period 2017–2026. The first five-year cumulative revenue (2017–2021) is projected to be U.S. $40,237.5 million, which is expected to increase rather significantly over the latter part of the five-year forecast period.
Increasing use of packaging adhesives in various applications — such as folding cartons, case & cartons, transportation, food & beverages — and labeling in various countries globally is a major factor driving growth of the global packaging adhesives market.